Here’s your swing-trading watch-list:
Short Trimble Navigation (TRMB)
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
What a Voice!
If You Could Read My Mind (Gordon Lightfoot) is a favorite song of mine. I was curious if there was anything on YouTube with him doing a live performance of this song. This is often a disappointing search, since 95% of the time I seek a live performance of anything, I get is a lip-synched schtick with the performer standing in front of the microphone. Not this time. This is simply amazing. (And thank heavens this is preserved; I found a clip from 2010 of him singing the same song, and suffice it to say the one below is the one worth remembering).
Six Trade Ideas for Tuesday
Here is my watch list with 6 stocks which looks ready to break out and trade higher from current levels: Adobe Systems Incorporated (ADBE), F5 Networks, Inc. (FFIV), Lowe’s Companies, Inc. (LOW), Plains All American Pipeline, L.P. (PAA), Universal American Corp (UAM) and USA Compression Partners, LP (USAC).
Melting Away
You could be pretty much assured the market’s stupid rally earlier today was going to collapse, since I was at “peak whine” with my trading buddy (and same-sex spouse) Northy. I need crude oil to fall, however! It is keeping my portfolio from enjoying a full-on onslaught of profits. Crude oil, I have had ENOUGH of you; Gartman is bullish, so why can’t you fall?!?!? Anyway, here’s the small caps, threatening support………
Full of Sound and Fury
I was saying intraday yesterday that if the bulls were going to take back control of the tape here, then they needed to break back over the daily middle band, currently at 2072, and then hold it as support on a decent retest. In the absence of that no serious technical damage was being done and there was little reason to expect yesterday’s rally to be the start of something bigger.
The situation for bulls here didn’t improve overnight, with marginal higher highs and fails from those on ES, NQ and TF that have resulted in 60min sell signals fixing on all three charts. The ES monthly pivot at 2063.80 (2068 SPX area) wasn’t successfully converted to resistance on this rally and the weekly pivot at 2054.10 (2058 SPX area) is now being retested as support. If that is reconverted to resistance then all of the significant bull technical gains from yesterday will have been reversed.
